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What was Wayne Kent Taylor’s net worth and how did he die?
Founder and CEO of Texas Roadhouse restaurants Wayne Kent Taylor passed away on March 18, 2021, at the age of 65.
The culinary wizard and inspiring entrepreneur had a dream of opening a Colorado-themed diner before he went on to launch a successful chain of steak restaurants across America.
The 65-year-old steakhouse pioneer Wayne Kent Taylor passed away on March 18, 2021[/caption]
Who was Wayne Kent Taylor?
Wayne Kent Taylor is better known as a business tycoon, sporting his signature brown cowboy hat, who founded Texas Roadhouse.
After kicking off his restaurant career in the 1980s working at Bennigan’s, he later moved on to become a manager at KFC – where he began planning his pioneering dining.
Taylor opened the Buckhead Hickory Grill in 1991, acting as his own executive chef.
He later set his sites on a steak concept, and opened the first Texas Roadhouse in 1993 in Clarksville, Indiana.
The entrepreneur also launched further food endeavors, two casual eateries by the name of Bubba’s 33 and Jaggers, which were inspired by his previous roles.
His Texas Roadhouse chain continued to expand and became a public company in 2004, before beginning international expansion in 2011.
Taylor also served on the board at Endeavour Louisville, an entrepeneural organization who help companies grow.
The much-loved legend was renowned for his empathy and generosity and was just announced as one of Louisville’s most influential business leaders in Business First’s inaugural Power 50 list.
He was the mastermind behind the popular casual diner Texas Roadhouse Inc that earned him his fortune[/caption]
What was Wayne Kent Taylor’s net worth?
The respected restaurant leader was reportedly worth around a whopping $600 million.
He was in control of more than 70,000 units with his food ventures that were supposedly worth over $292,000,490.
Taylor also had his head screwed on in the stock market, and sold stock equivalent to £305,120,627 over the last 16 years.
On March 15, just days before his passing, the mogul sold 70,000 TXRH shares for approximately $98.4 each – mounting up to a total of $6.9 million.
Taylor also earned mega-bucks due to his position as founder and CEO of Texas Roadhouse Inc. Last year, the company had a total revenue of $2.4 billion.
The business reportedly turned over $4,899,742 last year, of $525,000 was Taylor’s salary.
He recently hit headlines after giving up his base salary and bonus last year to pay “front-line” workers amid the coronavirus pandemic, a sum which is thought to total around $1 million.
He gave up his salary and bonus for the last financial year to dedicate it to front line workers during the pandemic[/caption]
What was Wayne Kent Taylor’s cause of death?
The Lead Director of Texas Roadhouse Inc, Greg Moore, announced Kent Taylor’s death on March 18, the day of his passing.
His cause of death has not yet been revealed.
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Taylor is survived by two daughters, a son, and four grandchildren.
The statement touchingly read, “We are deeply saddened by the loss of Kent Taylor. He founded Texas Roadhouse and dedicated himself to building it into a legendary experience for ‘Roadies’ and restaurant guests alike.
“He was without a doubt, a people-first leader. His entrepreneurial spirit will live on in the company he built, the projects he supported and the lives he touched.”
